TRADEMATRIX UREA PROCUREMENT PROCESS

PROCEDURE

0. Seller provides Soft Offer

1. Buyer provides ICPO disclosing issuing bank information with authorization to verify banking details.

2. Seller Provides proof of past performance (BL, Statement from Bank etc.)

3. Buyer verifies proof of past performance and signs (buyer/seller) contract.

4. Buyer provides draft LC through bank

5. Seller provides 2% performance guarantee (of the LC value)

6. Buyer issues fully operative LC and schedules buyer-sponsored inspection for quality and quantity at shipping port.

7. Seller ships the goods and draws on LC funds. Documents required will include Manufacturer Certificate, Original Buyer-Sponsored Inspections Certificate, Ocean BL, Certificate of Origin.

NOTES :

1. We will not open L/Cs without involving the actual holder/manufacturer of the commodity. If we were to provide a transferrable L/C we can only allow a one-time transfer. The Seller must disclose the commodity holder/manufacturer name and allow us to directly talk to the eventual LC advising bank.

2. For non-transferrable L/Cs to non-holder of goods or manufacturer we would like email from the advising bank representative confirming facilities are available to open such L/Cs to the manufacturer/holder of goods.

3. The LC Applicant will be TradeMatrix Ltd. Hong Kong.